XAU Trading Outlook (11-12-2015)

 

GOLD

Pivot: 1068

Likely scenario: long positions above 1068 with targets @ 1085.5 & 1089 in extension.

Alternative scenario: below 1068 look for further downside with 1064 & 1058 as targets.

Comment: a support base at 1068 has formed and has allowed for a temporary stabilisation.

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